7.—(1) Before appointing any person under regulation 6, the scheme manager must be satisfied that that person does not have a conflict of interest M1.
(2) The scheme manager must be satisfied from time to time that none of the members of the Pension Board has a conflict of interest.
(3) If the scheme manager determines that a member of the Pension Board has a conflict of interest, the scheme manager must terminate the appointment of the member.
(4) A member of the Pension Board, or a person proposed to be appointed as such a member, must provide the scheme manager with any information the scheme manager may reasonably require for the purpose of paragraph (1) or (2).
Marginal Citations
M1See section 5(6) of the 2014 Act for the meaning of “conflict of interest”.